The bank will look at historical income and figure out the NOI  that way.

Spending 1-3k upfront is a lot better than purchasing land that can't be used for your intended purpose.Here are some things that you don't talk about, but are very important when buying land:1) What was the land historically used for?

I'm now a Realtor and investor with a focus on multifamily buy and hold properties in historic neighborhoods.

You really want to look into historical expense pattern to ascertain you can afford to pay a salary. 

Louis and transform them to meet modern needs while preserving their historic beauty.While I'm still planning and saving, I am also anxious to jump in.

the variance/conversion for the commercial-grade garage my non-profit historical endeavor requires, yada yada. 

If I can make 8% historically in the stock market, why would I go to the trouble of owning real estate if it's not making considerably more. 

The property is listed under the National Register of Historic Places-eligible for a Historic Property Tax Credit).

I was hoping that better historical data would indicate potential success or not within my zip code.

You can call Duke Energy and Greater Cincinnati Water and both will give you the historical billing amounts for an address.